Future Fund LLC Buys Shares of 17,000 Universal Display Corporation $OLED

Future Fund LLC purchased a new position in Universal Display Corporation (NASDAQ:OLED) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,000 shares of the semiconductor company’s stock, valued at approximately $1,985,000.

Several other institutional investors have also added to or reduced their stakes in the business. LHM Inc. boosted its holdings in Universal Display by 2.1% in the fourth quarter. LHM Inc. now owns 74,552 shares of the semiconductor company’s stock worth $8,706,000 after acquiring an additional 1,510 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Universal Display by 7.6% in the fourth quarter. Intech Investment Management LLC now owns 154,331 shares of the semiconductor company’s stock worth $18,023,000 after acquiring an additional 10,963 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Universal Display by 25.0% in the fourth quarter. Geode Capital Management LLC now owns 1,109,077 shares of the semiconductor company’s stock worth $129,537,000 after acquiring an additional 222,108 shares in the last quarter. Smithfield Trust Co boosted its holdings in Universal Display by 17.3% in the fourth quarter. Smithfield Trust Co now owns 1,693 shares of the semiconductor company’s stock worth $197,000 after acquiring an additional 250 shares in the last quarter. Finally, RHL Group LLC acquired a new stake in Universal Display in the fourth quarter worth about $60,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Universal Display Stock Down 2.2%

Universal Display stock opened at $92.12 on Friday. Universal Display Corporation has a 52 week low of $83.64 and a 52 week high of $163.21. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 20.56 and a beta of 1.54. The stock has a 50-day moving average price of $93.73 and a 200 day moving average price of $107.89.

Universal Display (NASDAQ:OLED) last released its earnings results on Thursday, April 30th. The semiconductor company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.37). Universal Display had a return on equity of 12.34% and a net margin of 34.08%.The firm had revenue of $142.21 million for the quarter, compared to analyst estimates of $161.23 million. During the same period last year, the firm earned $1.35 EPS. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. Research analysts anticipate that Universal Display Corporation will post 4.23 EPS for the current fiscal year.

Universal Display Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. Universal Display’s payout ratio is 44.64%.

Analysts Set New Price Targets

OLED has been the subject of several recent analyst reports. Citigroup lowered their price target on Universal Display from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Universal Display in a report on Monday, March 23rd. Zacks Research downgraded Universal Display from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Roth Mkm set a $168.00 price target on Universal Display in a report on Friday, May 1st. Finally, Wall Street Zen raised Universal Display from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Universal Display currently has an average rating of “Hold” and an average price target of $130.60.

About Universal Display

Universal Display Corporation (NASDAQ: OLED) is a technology company specializing in organic light-emitting diode (OLED) solutions. The company develops and commercializes materials, technologies and software used in the creation of OLED displays and lighting. Its offerings include proprietary phosphorescent OLED (PHOLED) materials, display driver integrated circuits and process technologies that enable higher efficiency, longer lifetimes and improved color performance for a range of display and lighting applications.

Universal Display’s core business is licensing its extensive OLED patent portfolio to display manufacturers and providing them with the key organic materials needed for device fabrication.